Why E-House China Holdings (EJ) Stock Is Gaining Today

NEW YORK (TheStreet) -- E-House China Holdings (EJ) stock is moving higher Tuesday after first-quarter earnings came in double what analysts expected and revenue topped estimates.

By market open, shares had added 10.2% to $9.01.

Over the three months to March, the online real estate agency earned 8 cents a share, 4 cents higher than analysts surveyed by Thomson Reuters expected. Revenue of $163.3 million was 40% higher year over year and beat estimates of $138.65 million.

TheStreet Ratings team rates E-HOUSE CHINA HOLDINGS -ADR as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:

"We rate E-HOUSE CHINA HOLDINGS -ADR (EJ) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we find that the company's return on equity has been disappointing."